The FTSE 100 experienced gains, rising by over 0.5% on Thursday, driven by improved risk sentiment following President Trump’s decision to forgo tariff threats related to Greenland. Positive movement was widespread across most sectors, while individual stock performance varied, with some companies experiencing gains and others losses.
- The FTSE 100 rose more than 0.5%.
- Risk sentiment improved after President Trump dropped his tariff threat linked to Greenland.
- Trump said he would refrain from imposing tariffs on European countries opposing his plans to take control of Greenland.
- A framework for a future deal had been discussed following a meeting with NATO Secretary General Mark Rutte.
- Most sectors traded in positive territory.
- ABF rose nearly 1% after backing its full year outlook, despite reporting a fall in like for like sales at Primark in Q1.
- B&M fell almost 3% after the discount retailer cut guidance again and said it would increase investment to turn around the business.
- The UK public sector budget deficit narrowed to £11.6 billion in December.
Overall, the developments suggest a cautiously optimistic outlook for the FTSE 100. The reduced threat of tariffs provides a more stable environment for investment, although company-specific performance and broader economic data continue to influence the market. The narrowing of the UK’s public sector budget deficit may provide additional support.